TECH STOCK FLASHES WARNING ABOUT STOCK MARKET'S RALLY!!!

CGNX has had a propensity for rising and falling ahead of the major averages. If this correlation continues, the recent breakdown from its countertrend high is a clear warning that the rally so beloved by Main Street investors is on thin ice. Moreover, the recent 5 day average Put/Call ratio has dropped to a six year low, and trader bullish sentiment is now higher than it was at the February peak. Other sentiment figures are flashing similar warning signs.
Chart PatternsTechnical Indicatorsnasdaqnasdaq100technologyWave Analysis

Wyłączenie odpowiedzialności